2010 SENATE JOINT RESOLUTION 10-003 BY SENATOR(S) Sandoval,; also REPRESENTATIVE(S) Judd, Curry, Fischer, Kerr J., Labuda, Miklosi, Scanlan. CONCERNING THE CERTIFICATION BY THE GENERAL ASSEMBLY OF ITS ESTIMATE OF STATE GENERAL FUND REVENUES AND ALLOWABLE STATE GENERAL FUND APPROPRIATIONS FOR THE 2010-11 FISCAL YEAR. WHEREAS, The general assembly is required by section 24-75-201.3, Colorado Revised Statutes, to make an annual certification of its estimate of general fund revenues for the next fiscal year to the controller; and WHEREAS, Gross general fund revenues for the 2010-11 fiscal year, as estimated in this Joint Resolution, have already been obligated by law as follows: (1) $2,684,165 for transfer to the capital construction fund pursuant to section 24-75-302 (2) (w), Colorado Revised Statutes; and (2) Amounts required by statute to be used for: Payments to local governments based on state cigarette tax collections; property tax and heat or fuel expense grants; and payments to the fire and police members' benefit fund; and WHEREAS, Under current law, general fund revenues must be used first to fund the obligations set forth above, second to fund appropriations for the executive, legislative, and judicial departments, and third to fund the reserve mandated by section 24-75-201.1 (1) (d), Colorado Revised Statutes; and WHEREAS, The general assembly recognizes that new programs can be funded from the general fund only after these three priorities are satisfied; and WHEREAS, If appropriate statutes are amended, additional general fund revenues could be realized; and WHEREAS, The estimate of general fund revenues certified in this Joint Resolution does not include the balance carried forward from the 2009-10 fiscal year; and WHEREAS, The general assembly intends to make an annual certification of its estimate of the total allowable state general fund appropriations under section 24-75-201.1, Colorado Revised Statutes; and WHEREAS, In accordance with the provisions of section 24-75-201.1, Colorado Revised Statutes, the estimate of the allowable state general fund appropriations for the 2010-11 fiscal year will be based upon the following conclusions: (1) The total allowable state general fund appropriations for the 2010-11 fiscal year is the cost of reappraisal of taxable property for property tax purposes as required by section 39-1-105.5, Colorado Revised Statutes, plus an amount equal to five percent of total Colorado personal income for the calendar year preceding the calendar year immediately preceding the 2010-11 fiscal year; and (2) Five percent of total Colorado personal income for the 2008 calendar year is equal to $10,616.0 million; and WHEREAS, The revenue estimate and the estimate of allowable state general fund appropriations made pursuant to this Joint Resolution are made for the purpose of providing direction and guidance to the joint budget committee in the preparation of the 2010-11 general appropriation act and do not affect the ability of the general assembly to make spending decisions in the general appropriation act; and WHEREAS, The revenue estimate and the estimate of allowable state general fund appropriations made pursuant to this Joint Resolution may be adjusted if additional relevant information is received by the general assembly after the adoption thereof; and WHEREAS, For purposes of section 39 of article V of the state constitution, this Joint Resolution relates solely to the transaction of business of the two houses of the general assembly; now, therefore, Be It Resolved by the Senate of the Sixty-seventh General Assembly of the State of Colorado, the House of Representatives concurring herein: That, in accordance with section 24-75-201.3, Colorado Revised Statutes, the general assembly hereby certifies to the controller of the state of Colorado that the estimate of gross general fund revenues for the fiscal year beginning July 1, 2010, is $6,783.6 million. The general assembly further certifies that the estimate of the allowable state general fund appropriations for the fiscal year beginning July 1, 2010, under section 24-75-201.1, Colorado Revised Statutes, is $10,616.0 million. ____________________________ ____________________________ Brandon C. Shaffer Terrance D. Carroll PRESIDENT OF SPEAKER OF THE HOUSE THE SENATE OF REPRESENTATIVES ____________________________ ____________________________ Karen Goldman Marilyn Eddins SECRETARY OF CHIEF CLERK OF THE HOUSE THE SENATE OF REPRESENTATIVES